Ben Delo, BitMEX Co-Founder Has Just Surrendered In New York

Ben Delo, a co-founder of BitMEX has just surrendered in New York as he was wanted for conspiring to violate the Bank Secrecy Act and flew from the UK to the US to be arraigned so let’s read more in our latest cryptocurrency news.

Two of the four indicted BitMEX executives are arraigned in the US but Greg Dwyer and Arthur Hayes remain abroad. Ben Delo on the other hand, the co-founder of the exchange has surrendered to the US authorities. Delo is a British citizen who was wanted on charges of flouting US anti-money laundering laws and he previously negotiated the surrender agreement with the federal prosecutors in coordination with the Federal Bureau of Investigation and US customer and Border Patrol as he flew to the US where he was arraigned.

At the arraignment hearing, he pled not guilty to failing to implement anti-money laundering programs at the exchange as well as conspiracy to violate the Bank Secrecy Act as he posted $20 million in bond and is allowed to return to the UK and await trial. Delo is the second BitMex executive to be arraigned on these charges as CTO Samual Reed was arrested back in October and released on bail. BitMEX CEO Arthur Hayes is still negotiating his surrender from Singapore where he is residing since October. Assistant US Attorney Jessica Greenwood told the US District Court that she expects Hayes to surrender in Hawaii on April 6.

Greg Dwyer as a head of business development is reportedly in Bermuda and is not negotiating with authorities while seeking extradition from the Caribbean nation. According to the indictment, Delo and his co-defendants are allowing customers to trade without gathering ID information. The indictment reads:

“As a result of its failure to implement [anti-money laundering] and [know-your-customer] programs, BitMEX made itself available as a vehicle for money laundering and sanctions violation.”

For example, the prosecutors contend that Delo communicated personally with BitMEX customers who self-identified as Iranian but Iran is a subject of US sanctions. After repeated notifications, the prosecutors alleged that the group of defendants failed to implement an AML program. BitMEX still remains a popular exchange for options trading and as per the data from CoinMarketCAp, it registered $6.4 billion in trading volume over the past 24 hours.
buy zydena online myhst.com/wp-content/themes/twentytwentytwo/inc/patterns/en/zydena.html no prescription